High Income Child Benefit Charge
posted 29th September 2023
You may have to pay the High Income Child Benefit Charge
If you or your partner have income over £50k
You or your partner get Child Benefit
What counts as income
Total taxable income before any allowances
Includes interest from savings and dividends
Who pays the tax charge?
If both you and your partner income is over £50k
Whoever has the higher income is responsible
Options if your income is over the threshold
Continue the benefit and repay tax charge at year end
Opt-out and avoid paying the tax charge